: If a short-term chart signals a "buy" while the long-term chart is in a downtrend, the trade is generally avoided because the larger timeframe carries more weight. The Four Stages of Market Cycles
– The "buy" phase. The stock is in a clear uptrend with higher highs and higher lows. by brian shannon technical analysis using multiple link
: Use higher timeframes (like the daily or weekly charts) to identify the primary trend and overall market structure. : If a short-term chart signals a "buy"
But when I "zoomed out" to the , I saw a different story. The daily chart was sitting right at a prior resistance zone (a previous VWAP anchor from three months ago) and the 8 EMA was sloping down . by brian shannon technical analysis using multiple link